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Guangzhou Development's Attributable Profit Jumps 18% in Q1

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-- Guangzhou Development's (SHA:600098) attributable profit rose 18% to 535.5 million yuan in the first quarter from 452.3 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.

Earnings per share at the smart energy company increased 18% to 0.1527 yuan from 0.1293 yuan in the prior-year period.

Operating revenue grew 7.8% year over year to 11.7 billion yuan from 10.8 billion yuan.

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